Product Code: GVR-4-68040-512-9
IoT Devices Market Size & Trends:
The global IoT devices market size was estimated at USD 70.28 billion in 2024 and is expected to grow at a CAGR of 16.8% from 2025 to 2030. This expansion is largely fueled by the convergence of technological advancements and growing innovations such as 5G connectivity, edge computing, and the increasing demand for real-time data analytics. These technologies are enhancing operational efficiencies across various sectors, including healthcare and manufacturing, and enabling the development of smarter products and services that cater to a more connected lifestyle, which is expected to present lucrative opportunities for the internet of things (IoT) devices industry in the coming years.
The increased adoption of smart devices is reshaping everyday life, with wearables, smart appliances, and home automation systems creating interconnected ecosystems that enhance convenience and efficiency. In industries, IoT devices are enabling real-time data collection and analytics, optimizing operations, and reducing costs. The rise of smart cities is another major driver, as governments and businesses invest in technologies for traffic management, energy distribution, and environmental monitoring to improve urban living standards.
The expansion of Industrial IoT (IIoT) is a significant trend, particularly in manufacturing. IoT devices are being employed to optimize production processes, reduce resource consumption, and enable predictive maintenance. These advancements are transforming factories into smart facilities capable of data-driven decision-making. Additionally, the automotive sector is leveraging IoT for connected vehicles, enabling features such as real-time monitoring, electric vehicle charging integration, and advanced payment mechanisms.
The push for sustainability and energy efficiency is further propelling the IoT devices industry. Sensor-based solutions are being widely adopted to monitor and manage energy consumption across homes, businesses, and public infrastructure. These technologies not only help reduce costs but also align with global environmental goals by promoting resource optimization and reducing carbon footprints.
Moreover, technological advancements such as 5G connectivity, edge computing, and the integration of AI and machine learning are revolutionizing the IoT devices industry. 5G networks provide faster data transmission with low latency, enabling seamless communication between devices. Edge computing enhances real-time data processing at the device level, while AI and machine learning enable predictive analytics and automation across industries. This trend is expected to drive the IoT devices industry's expansion in the coming years.
Global IoT Devices Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest technology trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global IoT devices market report based on component, end use, connectivity, and region:
- Component Outlook (Revenue, USD Billion, 2018 - 2030)
- Smart Home
- Sensors
- Actuators
- Processors
- Edge Devices
- Others
- Industrial IoT (IIoT)
- Sensors
- Actuators
- Processors
- Edge Devices
- Others
- Healthcare
- Sensors
- Actuators
- Processors
- Edge Devices
- Others
- Automotive and Transportation
- Sensors
- Actuators
- Processors
- Edge Devices
- Others
- Retail
- Sensors
- Actuators
- Processors
- Edge Devices
- Others
- Agriculture
- Sensors
- Actuators
- Processors
- Edge Devices
- Others
- Energy and Utilities
- Sensors
- Actuators
- Processors
- Edge Devices
- Others
- Smart Cities
- Sensors
- Actuators
- Processors
- Edge Devices
- Others
- Wearables
- Sensors
- Actuators
- Processors
- Edge Devices
- Others
- Consumer Electronics
- Sensors
- Actuators
- Processors
- Edge Devices
- Others
- Others
- End Use Outlook (Revenue, USD Billion, 2018 - 2030)
- Smart Home IoT Devices
- Smart Thermostats
- Energy Meters
- Smart Locks
- Surveillance Cameras
- Smart Speakers
- Connected Appliances
- Others
- Industrial IoT (IIoT)
- Programmable Logic Controllers (PLCs)
- Asset Trackers
- RFID Systems
- Connected Cameras
- Others
- Healthcare
- Wearable Health Monitors
- Remote Diagnostic Tools
- Connected Imaging Devices
- Smart Insulin Pens
- Smart Ventilators
- Others
- Automotive and Transportation
- Onboard Diagnostic (OBD) Devices
- Telematics Systems
- GPS Trackers
- Asset Trackers
- Connected Cameras
- Others
- Retail
- Digital Kiosks
- Electronic Price Tags
- RFID Systems
- Connected Barcode Scanners
- Surveillance Cameras
- Access Control Devices
- Others
- Agriculture
- Weather Stations
- Irrigation Controllers
- Wearable Animal Trackers
- Feeding Monitors
- Connected Cameras
- Others
- Energy and Utilities
- Connected Meters
- Load Control Switches
- Grid Sensors
- Leak Detection Sensors
- Flow Meters
- Pressure Monitoring Devices
- Others
- Smart Cities
- Smart Streetlights
- Connected Parking Meters
- Waste Management Sensors
- Air Quality Monitors
- EV Charging Stations
- Traffic Monitoring Systems
- Connected Cameras
- Others
- Wearables
- Smartwatches
- Fitness Bands
- Wearable AR/VR Devices
- Others
- Consumer Electronics
- Smart TVs
- Gaming Consoles
- Streaming Devices
- Smart Routers
- Smart Glasses
- Others
- Others
- Connectivity Outlook (Revenue, USD Billion, 2018 - 2030)
- Smart Home IoT Devices
- Wi-Fi
- Bluetooth
- Zigbee
- Cellular (5G,4G,3G)
- RFID
- Others
- Industrial IoT (IIoT)
- Wi-Fi
- Bluetooth
- Zigbee
- Cellular (5G,4G,3G)
- RFID
- Others
- Healthcare
- Wi-Fi
- Bluetooth
- Zigbee
- Cellular (5G,4G,3G)
- RFID
- Others
- Automotive and Transportation
- Wi-Fi
- Bluetooth
- Zigbee
- Cellular (5G,4G,3G)
- RFID
- Others
- Retail
- Wi-Fi
- Bluetooth
- Zigbee
- Cellular (5G,4G,3G)
- RFID
- Others
- Agriculture
- Wi-Fi
- Bluetooth
- Zigbee
- Cellular (5G,4G,3G)
- RFID
- Others
- Energy and Utilities
- Wi-Fi
- Bluetooth
- Zigbee
- Cellular (5G,4G,3G)
- RFID
- Others
- Smart Cities
- Wi-Fi
- Bluetooth
- Zigbee
- Cellular (5G,4G,3G)
- RFID
- Others
- Wearables
- Wi-Fi
- Bluetooth
- Zigbee
- Cellular (5G,4G,3G)
- RFID
- Others
- Consumer Electronics
- Wi-Fi
- Bluetooth
- Zigbee
- Cellular (5G,4G,3G)
- RFID
- Others
- Others
- Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
- Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Information analysis
- 1.3.2. Market formulation & data visualization
- 1.3.3. Data validation & publishing
- 1.4. 1.4 Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. IoT Devices Market Snapshot
- 2.2. IoT Devices Market - Segment Snapshot (1/2)
- 2.3. IoT Devices Market - Segment Snapshot (2/2)
- 2.4. IoT Devices Market - Competitive Landscape Snapshot
Chapter 3. IoT Devices Market - Industry Outlook
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's Five Forces Analysis
- 3.4.2. Macroeconomic analysis
Chapter 4. IoT Devices Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. IoT Devices Market: Component Movement Analysis, 2024 & 2030 (USD Billion)
- 4.3. Smart Home
- 4.3.1. Smart Home Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.3.2. Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.3.2.1. Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.3.3. Actuators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.3.3.1. Actuators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.3.4. Processors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.3.4.1. Processors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.3.5. Edge Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.3.5.1. Edge Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.3.6. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.3.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4. Industrial IoT (IIoT)
- 4.4.1. Industrial IoT (IIoT) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4.2. Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4.2.1. Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4.3. Actuators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4.3.1. Actuators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4.4. Processors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4.4.1. Processors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4.5. Edge Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4.5.1. Edge Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4.6. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.5. Healthcare
- 4.5.1. Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.5.2. Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.5.2.1. Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.5.3. Actuators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.5.3.1. Actuators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.5.4. Processors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.5.4.1. Processors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.5.5. Edge Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.5.5.1. Edge Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.5.6. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.5.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.6. Automotive & Transportation
- 4.6.1. Automotive & Transportation Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.6.2. Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.6.2.1. Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.6.3. Actuators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.6.3.1. Actuators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.6.4. Processors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.6.4.1. Processors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.6.5. Edge Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.6.5.1. Edge Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.6.6. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.6.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.7. Retail
- 4.7.1. Retail Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.7.2. Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.7.2.1. Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.7.3. Actuators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.7.3.1. Actuators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.7.4. Processors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.7.4.1. Processors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.7.5. Edge Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.7.5.1. Edge Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.7.6. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.7.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.8. Agriculture
- 4.8.1. Agriculture Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.8.2. Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.8.2.1. Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.8.3. Actuators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.8.3.1. Actuators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.8.4. Processors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.8.4.1. Processors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.8.5. Edge Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.8.5.1. Edge Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.8.6. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.8.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.9. Energy & Utilities
- 4.9.1. Energy & Utilities Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.9.2. Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.9.2.1. Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.9.3. Actuators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.9.3.1. Actuators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.9.4. Processors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.9.4.1. Processors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.9.5. Edge Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.9.5.1. Edge Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.9.6. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.9.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.10. Smart Cities
- 4.10.1. Smart Cities Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.10.2. Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.10.2.1. Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.10.3. Actuators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.10.3.1. Actuators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.10.4. Processors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.10.4.1. Processors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.10.5. Edge Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.10.5.1. Edge Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.10.6. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.10.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.11. Wearables
- 4.11.1. Wearables Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.11.2. Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.11.2.1. Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.11.3. Actuators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.11.3.1. Actuators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.11.4. Processors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.11.4.1. Processors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.11.5. Edge Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.11.5.1. Edge Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.11.6. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.11.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.12. Consumer Electronics
- 4.12.1. Consumer Electronics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.12.2. Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.12.2.1. Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.12.3. Actuators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.12.3.1. Actuators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.12.4. Processors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.12.4.1. Processors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.12.5. Edge Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.12.5.1. Edge Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.12.6. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.12.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.13. Others
- 4.13.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)